X

Industrial Investment Trust Ltd Q1FY24; 60% fall in Profits

Industrial Investment Trust Ltd is a registered NBFC Company established in 1933. It is primarily a Holding company, holding investments in its subsidiaries and other group companies.
The Company is engaged in the business of Investment in equity shares quoted as well as unquoted, mutual funds, Fixed deposits with renowned Banks, Inter-Corporate Deposits, and Loans to its Group Companies/entities.


Financial Results:

  • Industrial Investment Trust Ltd reported Revenues for Q1FY24 of ₹5.31 Crores up from ₹4.95 Crore year on year, a rise of 7.27%.
  • Total Expenses for Q1FY24 of ₹2.68 Crores up from ₹1.48 Crores year on year, a rise of 81.08%.
  • Consolidated Net Profit of ₹1.99 Crores down 59.55% from ₹4.92 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.08, down 50.46% from ₹2.18 in the same quarter of the previous year.
Related Post